Barclays has introduced a new IT system to help it cut down legal costs. The bank will use technology provided by US company Datacert, which allows it to compare cost information and staffing details from its external counsel in its current panel review. Barclays is the first UK business to use the system. Andrew Dey, head of operations at Barclays legal and compliance, said: "It will allow us to make in-depth considerations with much more information at our fingertips."